Answered: Insulin Prices Price $3,700 $50 U.S.A…

Insulin Prices Price $3,700 $50 U.S.A 100 MR 300 Demand Price Quantity $600 MC=AC $50 300 Mexico MR 450 Demand MC=AC Quantity

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Suppose a major insulin manufacturer sells in two markets, the U.S.A. and Mexico. What is the maximum profit that could be attained in Mexico?

Group of answer choices

$180,000

$365,000

$165,000

$22,500

Insulin Prices
Price
$3,700
$50
U.S.A
100
MR
300
Demand
Price
Quantity
$600
MC=AC $50
300
Mexico
MR
450
Demand
MC=AC
Quantity

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